Tax Strategy

1. Introduction

This document sets out the tax strategy of Platinum Retail Group ("PR Group", "we", "our", or "us") in accordance with the requirements of paragraph 16(2) of Schedule 19 of the Finance Act 2016. This strategy applies to all UK taxes and is published for the financial year ending 2025.

PR Group is a leading forecourt retail business committed to operating responsibly and transparently in all aspects of our operations, including our approach to tax.

2. Our Approach to Tax Planning

We are committed to full compliance with all statutory obligations and disclosure requirements. Our approach to tax planning is guided by the following principles:

• We do not engage in aggressive or artificial tax arrangements
• All tax planning is aligned with genuine commercial and economic activity
• We seek to utilise available tax reliefs and incentives in the manner intended by the legislation
• We ensure that any tax planning arrangements reflect the substance of the underlying transactions
• We consider the potential reputational impact of any tax planning activity

3. Tax Risk Management

PR Group is committed to managing tax risk effectively. We achieve this through:

• Maintaining robust internal controls and processes to ensure the accuracy and completeness of tax returns and filings
• Employing qualified and experienced tax professionals and engaging reputable external advisors where appropriate
• Conducting regular reviews of our tax compliance processes
• Ensuring that key tax decisions are reviewed and approved at an appropriate level of seniority
• Monitoring changes in tax legislation and assessing the impact on our business

4. Tax Governance

The Board of Directors has overall responsibility for our tax strategy and ensuring that it is applied consistently across the business. Day-to-day management of tax affairs is delegated to the Finance Director, supported by the finance team.

Key tax decisions are escalated to the Board where they involve significant risk, uncertainty, or material financial impact. External tax advisors are consulted on complex or significant matters to ensure compliance and best practice.

5. Relationship with HMRC

We are committed to maintaining an open, honest, and constructive relationship with HM Revenue & Customs (HMRC). Our approach includes:

• Engaging with HMRC in a transparent and cooperative manner
• Making fair, accurate, and timely tax returns and payments
• Disclosing all relevant facts and circumstances to HMRC where required
• Seeking advance clearance from HMRC on transactions where there is material uncertainty regarding the tax treatment
• Responding promptly and fully to any enquiries or information requests from HMRC

6. Taxes We Pay and Collect

PR Group contributes to the UK economy through a range of taxes, including:

Taxes Borne

• Corporation Tax on our profits
• Employer's National Insurance Contributions
• Business Rates on our properties
• Stamp Duty Land Tax on property transactions
• Fuel Duty on petroleum products

Taxes Collected

• Value Added Tax (VAT) on goods and services sold
• Pay As You Earn (PAYE) income tax on behalf of employees
• Employee National Insurance Contributions

7. Compliance

We are committed to complying with the tax laws and regulations in all jurisdictions in which we operate. We aim to file all tax returns accurately and on time, and to pay all taxes due by the required deadlines.

Where errors are identified, we are committed to disclosing these to the relevant tax authority promptly and taking corrective action.

8. Review

This tax strategy is reviewed annually and updated as necessary to reflect changes in legislation, business operations, or best practice. The Board approves the strategy and any material changes.

9. Contact Us

If you have any questions about our tax strategy, please contact us through our Contact Page.